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Fair Value Disclosures - Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance $ 7,632,487 $ 6,358,451
Purchases 687,650 832,750
Settlements (142,437) (296,870)
Allowance for Losses 36 (416)
Realized and unrealized gains included in Income 93,701 (210,494)
Unrealized (losses)/gains included in Other Comprehensive Income (20,977) (54,690)
Ending Balance 8,250,460 6,628,731
Floating rate auction-rate certificates backed by Government guaranteed student loans | Floating Interest Rate | Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 19,027 19,254
Purchases 0 0
Settlements 0 0
Allowance for Losses 4 2
Realized and unrealized gains included in Income 0 0
Unrealized (losses)/gains included in Other Comprehensive Income 0 (295)
Ending Balance 19,031 18,961
Available-for-sale securities | Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 19,027 19,254
Purchases 0 0
Settlements 0 0
Allowance for Losses 4 2
Realized and unrealized gains included in Income 0 0
Unrealized (losses)/gains included in Other Comprehensive Income 0 (295)
Ending Balance 19,031 18,961
Farmer Mac Guaranteed Securities | Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 7,607,226 6,328,559
Purchases 687,650 832,750
Settlements (141,819) (295,663)
Allowance for Losses 32 (418)
Realized and unrealized gains included in Income 93,342 (210,587)
Unrealized (losses)/gains included in Other Comprehensive Income (20,977) (54,395)
Ending Balance 8,225,454 6,600,246
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 7,599,379 6,316,145
Purchases 687,650 832,750
Settlements (141,386) (295,284)
Allowance for Losses 32 (418)
Realized and unrealized gains included in Income 93,342 (210,587)
Unrealized (losses)/gains included in Other Comprehensive Income (21,597) (53,382)
Ending Balance 8,217,420 6,589,224
Farmer Mac Guaranteed Securities | Level 3 | Recurring | Farmer Mac Guaranteed USDA Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 7,847 12,414
Purchases 0 0
Settlements (433) (379)
Allowance for Losses 0 0
Realized and unrealized gains included in Income 0 0
Unrealized (losses)/gains included in Other Comprehensive Income 620 (1,013)
Ending Balance 8,034 11,022
USDA Securities: | Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 1,767 4,401
Purchases 0 0
Settlements (387) (952)
Allowance for Losses 0 0
Realized and unrealized gains included in Income 25 (63)
Unrealized (losses)/gains included in Other Comprehensive Income 0 0
Ending Balance 1,405 3,386
Guarantee and commitment obligations: | Level 3 | Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 4,467 6,237
Purchases 0 0
Settlements (231) (255)
Allowance for Losses 0 0
Realized and unrealized gains included in Income 334 156
Unrealized (losses)/gains included in Other Comprehensive Income 0 0
Ending Balance 4,570 6,138
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 4,467 6,237
Purchases 0 0
Settlements (231) (255)
Allowance for Losses 0 0
Realized and unrealized gains included in Income 334 156
Unrealized (losses)/gains included in Other Comprehensive Income 0 0
Ending Balance $ 4,570 $ 6,138